🛡️ Quulio's Guide: The Most Important Insurances for Entrepreneurs

Insurance is an entrepreneur's safety net when life doesn't go according to plan. Whether you're a sole proprietor or a start-up, here are the most important insurance policies that will protect you, your business, and your family.

✅ 1. YEL – Entrepreneur's pension insurance (mandatory)

The most important and often only statutory insurance for an entrepreneur is YEL insurance. It is mandatory if:

• You earn more than €9,208.43 per year (2025 minimum)

• Your activity lasts more than 4 months

• You are between 18 and 68 years old

Why is YEL important? YEL insurance accrues a pension and guarantees basic security in the event of disability or illness. It also affects, for example, parental allowance and sickness allowance.

💡 As a Quulio user, you can manage your YEL matters yourself and choose your insurance company freely.

⚠️ 2. Accident insurance

Even if you are not an employer, you do not have automatic occupational accident insurance. 👉 Accident insurance covers:

• Doctor visits and treatment costs

• Loss of earnings during illness

• Rehabilitation and therapy

• Possible costs caused by disability

Especially suitable for: builders, caretakers, cleaners and anyone whose work is physical or mobile.

🧱 3. Liability insurance

An entrepreneur is always responsible for their actions. If you cause damage to a customer, partner or third party, liability insurance protects you from financial losses.

👉 Covers:

• Personal and property damage

• Compensation claims and negotiations

• Legal costs and attorney fees

💡 Especially important in the construction industry and other service professions where you work on other people's premises or with their property.

🚗 4. Motor vehicle insurance

If you use a car, moped or other vehicle for work, you need statutory motor vehicle insurance. It covers:

• Accidental damages (to you or others)

• Medical and repair costs

• Possible liability for the other party

💡 Insurance is also required if the vehicle is in the name of a company.

⚖️ 5. Legal expenses insurance

Contract disputes, rental disputes or bill collection may lead to legal action. 👉 Legal expenses insurance covers:

• Attorney fees

• Cost

• Expert fees related to disputes

Suitable for you if: you do contracts, sign customer contracts, or operate in an industry where complaints are common.

🧾 Quulio Insurance Checklist

Insurance	Obligatory?	Recommended when…
YEL	✅ Yes	Your income exceeds ~9,200 €/year
Accident insurance	❌ No	You do physical, moving or manual work
Liability insurance	❌ No	Your work may cause harm to others
Motor insurance	✅ If using a vehicle	You travel to work by car.
Legal expenses insurance	❌ No	You conclude customer contracts or contracts

💼 What for whom?

• Sole proprietor: YEL mandatory, consider liability insurance and accident insurance

• Light entrepreneur: YEL mandatory (if income is sufficient), additional protection is available with accident and liability insurance

• Entrepreneur as employer: You also need statutory insurance for your employees

💡 Insurance is not an expense – it is protection

Insurance costs vary depending on the industry and risk level. For example, liability insurance for a sole proprietor can cost around €200–600/year. 👉 Plan insurance as part of your budget – it can save your company in difficult times.

✅ Quulio's checklist for choosing insurance

• Compare prices – don't just choose the cheapest one

• Check the insurance terms and conditions and exclusions

• Make sure that the insurance covers the risks of your job.

• Ask for recommendations from other entrepreneurs or Quulio experts

📍 Summary

Without insurance, the entrepreneur bears the entire risk alone. The right insurance gives you the opportunity to focus on what is essential – your work and your customers. 🧘♂️ They bring peace of mind. 📈 They enable growth. 🛡️ They secure the future.